Aether Industries IPO vs eMudhra IPO

Comparision between Aether Industries IPO and eMudhra IPO.

IPO Details

Aether Industries IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while eMudhra IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Aether Industries IPO	eMudhra IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Hdfc Bank Limited Kotak Mahindra Capital Company Limited	Iifl Securities Ltd Yes Securities (India) Limited Indorient Financial Services Ltd
Registrar	Link Intime India Private Ltd	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Aether Industries IPO is up to ₹808.04 Cr whereas the issue size of the eMudhra IPO is up to ₹412.79 Cr. The final issue price of Aether Industries IPO is ₹642.00 per share and of eMudhra IPO is ₹256.00 per share.

	Aether Industries IPO	eMudhra IPO
Face Value	₹10 per share	₹5 per share
Issue Price (Lower)	₹610.00 per share	₹243.00 per share
Issue Price (Upper)	₹642.00 per share	₹256.00 per share
Issue Price (Final)	₹642.00 per share	₹256.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	23 shares	58 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹627.00 Cr	up to ₹161.00 Cr
OFS Issue Size	28,20,000 shares	98,35,394 shares
OFS Issue Size (Amount)	up to ₹181.04 Cr	up to ₹251.79 Cr
Issue Size Total
Issue Size Total (Amount)	up to ₹808.04 Cr	up to ₹412.79 Cr

IPO Timetable

Aether Industries IPO opens on May 24, 2022, while eMudhra IPO opens on May 20, 2022. The closing date of Aether Industries IPO and eMudhra IPO is May 26, 2022, and May 24, 2022, respectively.

	Aether Industries IPO	eMudhra IPO
Anchor Bid Date
Issue Open	May 24, 2022	May 20, 2022
Issue Close	May 26, 2022	May 24, 2022
Basis Of Allotment (Tentative)	May 31, 2022	May 27, 2022
Initiation of Refunds (Tentative)	Jun 01, 2022	May 30, 2022
Credit of Share (Tentative)	Jun 02, 2022	May 31, 2022
Listing date (Tentative)	Jun 03, 2022	Jun 01, 2022
Anchor Lockin End date 1	Jun 30, 2022	Jun 26, 2022
Anchor Lockin End date 2	Aug 29, 2022	Aug 25, 2022

Financials

Aether Industries IPO P/E ratio is 72.3, as compared to eMudhra IPO P/E ratio of 49.42.

Aether Industries IPO

eMudhra IPO

Financial

Aether Industries Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax
31-Mar-19	206.68	203.28	23.34
31-Mar-20	300.47	303.78	39.96
31-Mar-21	452.94	453.79	71.12
31-Dec-21	709.56	449.32	82.9
Amount in ₹ Crore

Summary of financial Information (Restated Consolidated Statement)
Particulars	For the year/period ended (Rs in millions)
	31-Dec-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	2,541.11	1,919.14	1,587.11	1,195.15
Total Revenue	1,383.04	1,324.54	1,167.99	1,016.80
Profit After Tax	303.40	253.59	184.16	174.36

Promoter Shareholding (Pre-Issue)

96.96%

79.19%

Promoter Shareholding (Post-Issue)

87.09%

61.03%

P/E Ratio

72.3

49.42

Market Cap

₹7991.79 Cr.

₹1998.65 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Aether Industries IPO retail investors (RII) are offered 45,43,517 shares while in eMudhra IPO retail investors are offered 45,43,517 shares. Qualified institutional buyers (QIB) are offered 27,48,241 shares in Aether Industries IPO and 31,34,329 shares in eMudhra IPO.

	Aether Industries IPO	eMudhra IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	27,48,241 shares	31,34,329 shares
NII	19,47,222 shares	24,69,137 shares
RII	45,43,517 shares	57,61,318 shares
Employee	1,17,213 shares	0 shares
Others
Total	93,56,193 shares	1,13,64,784 shares

Bids Received (Subscription)

Aether Industries IPO subscribed 6.26x in total, whereas eMudhra IPO subscribed 2.72x.

	Aether Industries IPO	eMudhra IPO
QIB (times)	17.57x	4.05x
NII (times)	2.52x	1.28x
Big NII (times)
Small NII (times)
RII (times)	1.14x	2.61x
Employee (times)	1.06x
Other (times)
Total (times)	6.26x	2.72x

Compare with others

Aether Industries IPO	eMudhra IPO
DCX Systems IPO	Tamilnad Mercantile Bank IPO
Tamilnad Mercantile Bank IPO	Harsha Engineers IPO
Harsha Engineers IPO	Dreamfolks Services IPO
Dreamfolks Services IPO	Syrma IPO
Syrma IPO	Aether Industries IPO
eMudhra IPO	Paradeep Phosphates IPO
Paradeep Phosphates IPO	Prudent Corporate Advisory Services IPO
Prudent Corporate Advisory Services IPO	Rainbow Children Medicare IPO
Rainbow Children Medicare IPO	Campus Activewear IPO
Campus Activewear IPO	Venus Pipes & Tubes IPO

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